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Commonwealth Bank staff pledge $2 million to support health and wellbeing of Australian children

Commonwealth Bank staff pledge $2 million to support health and wellbeing of Australian children

20 May, 2013 – Commonwealth Bank today announced it will award $2 million as part of its annual Community Grants program, which were established to support the health and wellbeing of Australian children.

The Community Grants program, an initiative of the Commonwealth Bank Staff Community Fund, has awarded over 700 grants, totalling more than $5.6 million to community groups across Australia since 2007. Applications for 2013 Community Grants are now open and groups can apply for a grant of up to $10,000.

Trent Moy, Commonwealth Bank General Manager of Community and Sustainability said, “Commonwealth Bank has a proud tradition of supporting Australian community organisations and we recognise the important role they play at a local and national level. Last year we provided grants to 244 youth organisations to fund a range of youth programs focused on sport, the arts, education, health and social services.

"This year, through the 2013 Community Grants program, we aim to continue to make a positive difference to the lives of young Australians," he added.

To be eligible for a 2013 Community Grant, organisations must have a program that supports the health and wellbeing of Australian children, and be endorsed by the Australian Tax Office with Deductible Gift Recipient (DGR) status or the Australian Charities and Not-for-profits Commission.

Applications close at 5.00pm AEST on Friday, 14 June 2013. To apply for a grant or for more information, visit commbank.com.au/grants

The Commonwealth Bank Staff Community Fund is Australia’s longest running employee contribution program and the Bank matches staff contributions dollar for dollar.

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Editor’s Note A list of 2012 grant recipients can be found at commbank.com.au/grants

About Commonwealth Bank Staff Community Fund The Commonwealth Bank Staff Community Fund was formed in 1917 and is Australia’s longest running employee contribution program. Current and retired staff contribute to the Fund. All administrative costs for the Fund are met by the Bank, ensuring 100 per cent of funds raised go directly to children’s charities. The Commonwealth Bank matches contributions made by staff dollar for dollar. The Fund supports various causes that work with Australian children including the Community Grants program, Midnight Basketball and Clown Doctors.

About Commonwealth Bank in the community Commonwealth Bank has been actively supporting the Australian community since it opened its doors in 1912. Commonwealth Bank together with its community partners and people achieve social outcomes that enrich the communities in which it operates. Community support includes financial literacy through the Commonwealth Bank Foundation, the health and wellbeing of children through the Staff Community Fund, and programs in the arts, sport, welfare, Indigenous communities and the environment.